Author: bitwiza

On October 18th, 2021, Maryland-based ProShares launched the ProShares Bitcoin Strategy Exchange Traded Fund (ETF) for trading on the NYSE Arca. This was the first Bitcoin ETF to be approved for trading in the United States. The ETF trades under the ticker BITO. The ProShares ETF is a futures-based product that tracks the price of Bitcoin CME Futures. The launch was viewed as a significant step in the legitimization of the crypto asset industry. It has opened the door to an eventual pathway for the wider American investment community to invest in Bitcoin. Since 2014, the U.S. Securities and Exchange…

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Twitter Chief Financial Officer Ned Segal says cryptocurrency will be a tool to “facilitate commerce” on the social network. This has been a response to the social media giant using Bitcoin to tip on the platform through scalable layer 2 solution Lightning Network. Talking about the tipping jar introduced on Twitter, Segal said, “I’ve received some tips in bitcoin already… it’s fun to play with the product and give people the opportunity to do so as well.” “We think about tips as just an example of how we want to help people get paid,” he said in an interview with…

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With two bitcoin futures ETFs already on the market and more apparently on the way, industry professionals have weighed in on when an Ethereum futures ETF could launch. In the days after the launches of the ProShares Bitcoin Strategy ETF (BITO) and the Valkyrie Bitcoin Strategy ETF (BTF), issuers have filed for other bitcoin ETFs that would not invest directly in the crypto asset. Valkyrie followed up its launch by filing on Tuesday for a leveraged bitcoin futures ETF, which would provide 1.25x exposure to the bitcoin reference rate. Another offering proposed by fund issuer Direxion would offer managed short…

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Ether (ETH) has gained 950% in 2021 and from the look of things the altcoin has no intent of stopping. This can also be seen in the ultra-optimistic bets for October’s $1.25 billion options expiry. However, this phenomenon is not exclusive to Ether bulls. The right to acquire Ether at a fixed price in the future does not come at a cheap price. On Sep. 4, the $5,000 call option for Oct. monthly expiry was trading at ETH 0.082 which is equivalent to $320. Unfortunately, for the bulls, these options are now worthless. Gas fees on Ethereum transactions are still…

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The first IDO launch, hosted by Equinox, will open pools on the 26th that will remain open until 6AM UTC the following day. October 28th will feature $GAMER tokens launching on MANTRA DAO’s launchpad ZENDIT and the crypto gaming aggregator and launchpad GameFi. Following the IDO, $GAMER will be listed on QuickSwap, a leading DEX on the Polygon Network. The initial market cap will be $340,000. GameStation’s $GAMER tokens are expected to be highly sought-after digital assets as they will be necessary for participating in the future launches of games developed with GameStation’s assistance, and $GAMER will also facilitate transactions…

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The EIP-1559 modified Ethereum’s fee rate to a deflationary mechanism. The London Hard Fork was a collection of five Ethereum Improvement Proposals. On August 5, Ethereum, the second-largest cryptocurrency by market capitalization, received a substantial update. The London Hard Fork was a collection of five Ethereum Improvement Proposals (EIPs). Among these was EIP 1559, which attempted to speed up and reward cryptocurrency mining. In addition, EIP 1559 introduced a new burning mechanism that reduced network congestion and transaction costs. Since the update, over 3 lakh Ethereum tokens worth over $1 billion has been burnt. EIP-1559 Update The EIP-1559 modified Ethereum’s…

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Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year. According to the latest estimates, the network hash rate is now back at levels from May, just before China outlawed its Bitcoin mining industry. Hash rate recovers the dip Five months since the largest ever migration in Bitcoin’s history began, network fundamentals have staged a major comeback. Coming in leaps and bounds as miners relocated and started over, the recovery in hash rate and network difficulty is now approaching a seminal point. While impossible to measure in definitive terms, hash…

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Token Name: Mines of Dalarnia (DAR) Maximum token supply: 800,000,000 DAR Launchpool token rewards: 24,000,000 DAR (3% of maximum token supply) Initial Circulating Supply: 123,200,000 DAR (15.4% of maximum token supply) Smart Contract Address: DAR (ERC-20); DAR (BEP-20) Staking Terms: No upper limit. KYC required Stake BNB: 19,200,000 DAR in rewards (80%) Stake BUSD: 4,800,000 DAR in rewards (20%) Farming Period: 2021-10-29 00:00 AM (UTC) to 2021-11-27 11:59 PM (UTC). Dates (00:00:00 – 23:59:59 UTC each day) Total Daily Rewards (DAR) BNB Pool Daily Rewards (DAR) BUSD Pool Daily Rewards (DAR) 2021-10-29 – 2021-11-03 2,000,000 1,600,000 400,000 2021-11-04 – 2021-11-27…

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Dfyn is all set to expand its multi-chain ecosystem by introducing Dfyn Exchange on Fantom Network. Leading multichain AMM dex platform Dfyn has unveiled a new incentivized liquidity program on Fantom. Dfyn, which was initially functional on Polygon, has branched towards the Fantom Network. Dfyn debuted their special liquidity mining program on Fantom, which allows users to migrate their liquidity and deposit it into the liquidity pool once the users are connected with the network. Dfyn announces new pairs eligible for farming rewards The new liquidity mining program commenced with 30,000 $DFYN that will be distributed daily as incentives to…

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The South Korean government pushes forward its plan to tax crypto income beginning in January while investors and lawmakers criticize the pending tax law for its loopholes, with one lawmaker mentioning NFT goods of K-pop mega-group BTS. Fast facts The National Tax Service (NTS) of Korea met with 28 domestic cryptocurrency exchanges earlier this week to provide guidance on following the coming crypto tax law, such as in submitting virtual asset transaction statements to the authorities. Meanwhile, lawmaker Noh Woong-rae, who has been actively requesting a delay in crypto taxing, said yesterday through a press release that the government’s plan…

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